The dollar sagged against a basket of currencies on Tuesday after disappointing U.S. economic data pushed it away from a 12-day peak.
The dollar index was little changed at 96.020 after sliding on Monday from 96.399, its highest since March 16. The euro was steady at $1.1194 after gaining about 0.3 percent overnight to snap a six-day losing streak.
Sellers took aim at the greenback after soft U.S. consumer spending prompted economists to cut their first-quarter gross domestic product growth estimates.
Furthermore, the Atlanta Federal Reserve's GDPNow forecast model on Monday showed the U.S. economy growing at below an annualised 1 percent in the first quarter, down from 1.4 percent in the fourth quarter.
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The dollar index was little changed at 96.020 after sliding on Monday from 96.399, its highest since March 16. The euro was steady at $1.1194 after gaining about 0.3 percent overnight to snap a six-day losing streak.
Sellers took aim at the greenback after soft U.S. consumer spending prompted economists to cut their first-quarter gross domestic product growth estimates.
Furthermore, the Atlanta Federal Reserve's GDPNow forecast model on Monday showed the U.S. economy growing at below an annualised 1 percent in the first quarter, down from 1.4 percent in the fourth quarter.
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